Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Millrace Asset Group Inc.

Millrace Asset Group Inc. lessened its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 72.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,757 shares of the company's stock after selling 15,250 shares during the quarter. Millrace Asset Group Inc.'s holdings in Ollie's Bargain Outlet were worth $560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP boosted its position in Ollie's Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company's stock valued at $7,349,000 after acquiring an additional 46,706 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Ollie's Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock valued at $55,637,000 after acquiring an additional 512,928 shares in the last quarter. King Luther Capital Management Corp boosted its position in Ollie's Bargain Outlet by 36.0% during the 2nd quarter. King Luther Capital Management Corp now owns 109,827 shares of the company's stock valued at $10,782,000 after acquiring an additional 29,061 shares in the last quarter. Van ECK Associates Corp bought a new stake in Ollie's Bargain Outlet during the 2nd quarter valued at $2,397,000. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Ollie's Bargain Outlet by 20.4% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 178,567 shares of the company's stock valued at $17,530,000 after acquiring an additional 30,217 shares in the last quarter.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, SVP Kevin Mclain sold 15,000 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. This trade represents a 58.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Der Valk Eric Van sold 7,479 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the sale, the president now owns 5,615 shares in the company, valued at $563,296.80. This trade represents a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,880 shares of company stock worth $2,462,470. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Up 0.3 %

Shares of NASDAQ OLLI traded up $0.32 during trading on Tuesday, reaching $100.90. 937,809 shares of the company traded hands, compared to its average volume of 1,029,358. The firm's fifty day simple moving average is $94.82 and its 200 day simple moving average is $92.65. The stock has a market cap of $6.19 billion, a P/E ratio of 30.24, a PEG ratio of 2.35 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company's revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. As a group, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OLLI shares. Loop Capital reiterated a "buy" rating and set a $110.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, September 20th. UBS Group increased their price objective on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Royal Bank of Canada increased their price objective on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Bank of America increased their price objective on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.